Market Overview

Beyond Meat Rallies As McDonald's Announces Testing Of Plant-Based Burger In Canada

Beyond Meat Rallies As McDonald's Announces Testing Of Plant-Based Burger In Canada

Beyond Meat Inc (NASDAQ: BYND) shares were trading higher in Thursday's premarket session on news that McDonalds Corp (NYSE: MCD) will test its new plant-based burgers in Southwestern Ontario, Canada.

The 12-week test is for a plant-based burger called the P.L.T. — plant, lettuce and tomato — in 28 locations. 

The burgers will be priced at CA$6.49 ($4.90) and are available beginning Sept. 30.

“During this test, we’re excited to hear what customers love about the P.L.T. to help our global markets better understand what’s best for their customers,” Ann Wahlgren, McDonald’s VP of global menu strategy, said in a statement.

“This test allows us to learn more about real-world implications of serving the P.L.T., including customer demand and impact on restaurant operations.” 

A number of mainstream fast-food restaurants are joining the meat-free revolution this year and adding plant-based products to their menu.

Beyond Meat shares were trading up nearly 11% at $138.32 in the premarket session. The stock has a 52-week high of $239.71 and a 52-week low of $45.

Related Links:

Beyond Meat Won't Be Entering The Japanese Market Yet

Subway Partners With Beyond Meat To Trial Beyond Meatball Sub

Photo courtesy of McDonald's. 

Posted-In: News Restaurants General Best of Benzinga


Related Articles (MCD + BYND)

View Comments and Join the Discussion!
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at